Common use of Services as Investment Adviser Clause in Contracts

Services as Investment Adviser. Subject to the supervision and direction of the Board of Directors of the Fund, the Adviser will (a) act in conformity with the Investment Company Act of 1940 and the Investment Advisers Act of 1940, as the same may from time to time be amended, (b) manage the Fund in accordance with the Fund's investment objective(s) and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect, (c) make investment decisions for the Fund, and (d) place purchase and sale orders on behalf of the Fund. In providing those services, the Adviser will provide investment research and supervision of the Fund's investments and conduct a continual program of investment, evaluation, and, if appropriate, sale and reinvestment of the Fund's assets. In addition, the Adviser will furnish the Fund with whatever statistical information the Fund may reasonably request with respect to the securities that the Fund may hold or contemplate purchasing.

Services as Investment Adviser. Subject to the supervision and direction of the Board of Directors Trustees of the FundTrust, the Adviser will (a) act in conformity accordance with the Trust’s Master Trust Agreement, the Investment Company Act of 1940 (the “1940 Act”) and the Investment Advisers Advisors Act of 1940, as the same may from time to time be amended, (b) manage the Fund Funds’ assets in accordance with the Fund's its investment objective(s) objective and policies as stated in the Fund's Prospectus and Trust’s Registration Statement of Additional Information as from time to time in effect, (c) make investment decisions and exercise voting rights in respect of portfolio securities for the Fund, Funds and (d) place purchase and sale orders on behalf of the FundFunds. In providing those these services, the Adviser will provide investment research and supervision of the Fund's Funds’ investments and conduct a continual program of investment, evaluation, and, if appropriate, sale and reinvestment of the Fund's Funds’ assets. In addition, the Adviser will furnish the Fund Funds with whatever statistical information the Fund Funds may reasonably request with respect to the securities that the Fund Funds may hold or contemplate purchasing.